More than a cash grab, design studio UVL is rolling out a unique “choose-your-adventure” styled NFT project this week. Consisting of three key components, the voyage of “Axis Mundi” begins on June 6, with a 72-hour open edition mint where users can acquire so-called Energy elements. An open edition mint refers to an unlimited number of NFTs in a collection.…
While there are a “number of potential benefits” associated with central bank digital currencies (CBDCs), the UK government “should carefully consider and seek to mitigate any potential risks” associated with the development and potential introduction of the so-called digital pound.” This is particularly relevant “in relation to financial stability, privacy, and security risks,” the British Crypto and Digital Assets All…
There is no shortage of regulatory efforts to mitigate the negative impacts of artificial intelligence. Source: https://cointelegraph.com/news/how-regulators-are-mitigating-the-risk-of-extinction-from-ai-law-decoded-may-29-june-5
Binance has responded to the U.S. Securities and Exchange Commission’s lawsuit by calling the regulator “unreasonable” and claiming it is using “blunt weapons of enforcement.” The SEC today filed 13 civil charges against Binance—the world’s biggest cryptocurrency exchange—and its CEO Changpeng Zhao for allegedly breaking U.S. securities rules. Via court documents and a press release, the American regulator alleged that…
An adage for the digital age says nothing can ever be deleted from the internet. Yet, the Securities and Exchange Commission (SEC) has done its best to scrub the biography page of William Hinman. Hinman was the director of the SEC’s corporation finance division from 2017 through 2020. While Hinman’s bio page on the SEC’s website once delved into the…
Bitcoin (BTC) and altcoins witnessed a sharp sell-off on the news that the United States Securities and Exchange Commission (SEC) had filed a suit against Binance in U.S. courts for unregistered securities operations. This lawsuit could delay the recovery in Bitcoin and most major altcoins as traders could prefer to remain on the sidelines for a few days until some…
Would you trust five friends to help guard your crypto stash? That’s the premise of so-called social recovery, one solution to accessing your wallet should you lose that 12- to 24-word seed phrase. The most common execution lets users nominate five wallets they trust—sometimes called guardians—that are responsible for helping recover their wallets. When you need the service, three of…
Augmented reality (AR) and virtual reality (VR) are sometimes used interchangeably — although there are key distinctions between the two. While the most popular use case for both is video games, there are a wide array of industries and products that utilize AR and VR. Read on to discover what separates the two, how they are increasingly integrated into our…
According to the regulator, Binance failed to register as a securities exchange and operated illegally in the United States. Source: https://cointelegraph.com/app/public/index.php/news/sec-sues-binance-in-us-district-court-for-unregistered-securities-operations
Bitcoin and the rest of the cryptocurrency market is in the red. The largest digital asset by market cap was down 2% in 24 hours at 9am New York time, according to CoinGecko, trading for $26,690. That’s a 4.3% seven-day drop. The coin has struggled to bounce back after hitting a ten-month high of $30,000 in April and then nosediving…
